MLS #44904
Edgartown Real Estate

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A rare mixed-use property on Katama Road, set right between downtown Edgartown and South Beach! Two residential apartments above — a 2BR and a 3BR, each with their own walk-up deck, in-unit laundry and dedicated parking. Both are occupied month-to-month under self-extending leases, giving a new owner flexibility. The first floor was home to an HVAC company for nearly a decade and is now vacant and ready for its next owner: roughly 1,253 sq. ft. of office with high efficiency heat pump heat & A/C, plus 1,148 sq. ft. of garage and storage. Ample on-site parking with 25 designated spaces and a loading dock for your business needs. Owned solar installed in 2018 conveys with the property, and the current owners have put significant capital improvements into the building since 2017 — electrical, roof, solar, integrated fire & security systems, mechanical systems, and irrigation system. This property has a long history of permitted commercial use well before these owners. The Edgartown Zoning Board of Appeals granted a special permit in 2016 for the operation of a small-scale business in a residential neighborhood, and that permit predates the current owners' purchase. A buyer will need approval from the Zoning Board to continue commercial operations.
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Price:  $4,100,000
148 Katama Road
Edgartown, 02568
Type: Commercial
Beds: 5
Baths: 2.0
Lot Size: 0.44 acres
Square Footage: 3654 sqft.
Area
Edgartown
Subdivision
Katama
Zoning
R20
Water
Town
Sewer
Septic
Year Built
1976
Year Renovated
2017
Furnished
Un-Furnished
Rooms
14
Half Baths
2
Flooring
2
Heating
Oil\FHW
Yard
Yes, Frontage
Outdoor Spaces
Deck
Parking
On-site — 25 designated spaces; room for more
Dishwasher
Yes, in the two apartments
Dryer
Yes, in the two apartments
Refrigerator
Yes, in the two apartments and ice machine in garage
Stove
Yes, in the two apartments
TV
Cable
Washer
Yes, in the two apartments
Listing Agent
Brennan, Chelsea
Listing Office
Lamacchia Realty